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Billionaire and CEO out of Lukoil: keeps interest in Russian oil giant | Financial

The United Kingdom nevertheless placed him on the sanctions list for the invasion of the Eastern European country.

Lukoil did not give a reason for Alekperov’s departure in his brief statement. The billionaire, whose net worth is estimated at more than $16 billion by Bloomberg news agency, still has a stake in Lukoil.

voting rights

Alekperov owns 3.1 percent of all voting shares. He also has a 5.4 percent non-voting interest. According to Lukoil, known in the Netherlands for the gas stations of the same name, he therefore has no controlling interest in the oil company.

Lukoil was one of the first major Russian concerns to openly call for an end to the war in Ukraine. “We are for an immediate end to the armed conflict and support a negotiated and diplomatic solution,” the company said on March 3.

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